1 markMacroeconomicsNational income accountingReal and nominal GDPModerateabout 2 min

JNU SSS 2016 Question 43: National income accounting

Answer Question Nos. 37–40 on the basis of the following :

Advance estimates of GDP for 2015–16 and 1st revised estimate of GDP for 2014–15 (₹ in crore).

		GVA at basic prices	Taxes on products including import duties	Subsidies on Products	GDP
At constant 2011–12 prices	2014–15 (1st RE)	9727490	1108339	283679	A
	2015–16 (AE)	B	1193486	280102	11350962
	Growth	C	7·7	–1·3	D
At current prices	2014–15 (1st RE)	E	1350361	334565	12488205
	2015–16 (AE)	12252306	1643688	328802	F
	Growth	G	21·7	–1·7	H

$G$ is equal to

Tap an option to check your answer.

Answer and worked solution

Checking your account…

Plain-text version

Answer Question Nos. 37–40 on the basis of the following: Advance estimates of GDP for 2015–16 and 1st revised estimate of GDP for 2014–15 (₹ in crore). | GVA at basic prices | Taxes on products including import duties | Subsidies on Products | GDP | At constant 2011–12 prices | 2014–15 (1st RE) | 9727490 | 1108339 | 283679 | A | 2015–16 (AE) | B | 1193486 | 280102 | 11350962 | Growth | C | 7·7 | –1·3 | D | At current prices | 2014–15 (1st RE) | E | 1350361 | 334565 | 12488205 | 2015–16 (AE) | 12252306 | 1643688 | 328802 | F | Growth | G | 21·7 | –1·7 | H | G is equal to (A) 13·4% (B) – 9·3% (C) 6·8% (D) – 1·9%

National income accounting has come up 132 times in 6 exams since 2010.

What this question tests

This question is on Real and nominal GDP, part of National income accounting in Macroeconomics.

Separating output growth from price changes and computing real growth rates.

TestStop has 17 past-paper questions on this subtopic.

Practise National income accounting More on Real and nominal GDP

Similar questions from other papers

Question from the JNU SSS 2016 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.